Someone with a lot of money set CYDY up for the perfect short attack when this ran up to ten. They picked a small OTC that had Covid FOMO.
I don't remember the exact numbers but everyday for 5 days someone bought a big chunk of stock at the open above market. This fed into the FOMO and each day it went even higher than their open buys. On the last day they did the same it was around $9+ and they still bought more at the open. Then they had someone put out a hit piece which was the signal for everyone in on it to sell. At the $10.00 mark over 2 million shares where sold in 2 mins below market. This was them selling everything they had just bought over the last five days. And of course shorting at the same time. And if they played their cards right they could have shorted it twice that day on the bounce.
These guys made money on the sell at $10 the short to $5,the bounce back to $8 and the short back to $5. Some ridiculous amount of shares were traded that day, like 35 million.
This was what I have gleaned in the week after the day. And of course by SEC rules nothing is illegal except putting out the hit piece which was design to manipulate the stock price, but they pulled it within an hour or so of being online. I still have a copy of it.